"Member" means:
(a) When used with respect to a commercial or industrial bank, a bank which is a member of the Federal Reserve System.(b) When used with respect to a public bank, the local agency or local agencies that own the public bank. Nothing in this section prohibits a public bank from becoming a member of the Federal Reserve System.Cal. Code Regs. Tit. 10, § 10.141
1. Amendment of section and new NOTE filed 9-14-2021; operative 1-1-2022 (Register 2021, No. 38). Note: Authority cited: Section 326, Financial Code. Reference: Section 119, Financial Code; and Sections 54956.98 and 57601, Government Code.
1. Amendment of section and new Note filed 9-14-2021; operative 1/1/2022 (Register 2021, No. 38).